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AgDay Daily Recap -December 14, 2012

December 14, 2012
 
 

TODAY ON AGDAY
DECEMBER 14, 2012

RIVER UPDATE:

Good morning I’m Clinton Griffiths. Work is underway to open the way for barge traffic on the Mississippi. But is it enough?

DROUGHT MONITOR:

Thanks Tyne. The newest drought monitor report shows a slight reduction in the country's overall drought status.

USDA:

While drought continues, the USDA put out numbers of what it’s done to help so far. It says 2.8 million CRP acres were utilized for emergency haying and grazing. A move estimated to be worth 140 to 200-million dollars in forage for producers. It also eased market pressure, puting 170 million dollars’ worth of meat for federal food programs. USDA also gave an update on its conservation stewardship program which focuses on improving water and soil quality and enhancing wildlife habitats. So far, 50 million acres have been enrolled in CSP, equating to 78-thousand square miles.

CROP WATCH:

A big disparity in wheat condition between New York and the Texas wheat country.
Mike Hoffman has details in cropwatch.

PROFIT BRIEFING:

On Tuesday, USDA's supply-demand report showed a higher carryover of U.S. wheat stocks. That's because the department cut expected wheat shipments from the U.S. And the market took note. In this week's profit briefing, Profarmer managing Editor Brian Grete and News Editor Julianne Johnston join us from the Profarmer studios to look at the markets.

CHOCOLATE AND CHEESE:

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